Goode Trades

The Unbiased Source for Stock Promotion & Penny Stock News

On March 4th the SEC suspended trading in another landing page pump, Spriza (SPRZ). One key insider of Spriza was also involved in Telupay (TLPY) which likely explains why Stocktips.com abandoned that pump after only a week. SEC Suspension notice (PDF) SEC Suspension order (PDF) The SEC was quite specific in explaining why it suspended …

This morning prior to the market open the SEC suspended trading in recent online landing page pump and dump ChitrChatr (CHICF). ChitrChatr never got much volume which is why I had not previously blogged about the pump. Trading will resume at the market open on Friday, April 3rd. SEC Suspension notice (PDF) SEC Suspension order …

This morning I received an email from email@investorsalley.messages4.com (an email list to which I subscribed) promoting Petroterra Corp (PTRA). Judging by the stock’s volume,this pump has begun only in the last week. The email links to an online promotional website: http://petroterracorpreports.com/ Disclosed budget: not disclosed ($5,000 to James Rapholz) Promoter: James Rapholz dba Economic Advice Paying …

GroGenesis (GROG) has been promoted since at least March 5th, 2015. That morning I received my first promotional email about the company that linked to the online promotion website http://freegrogreport.com/ Since the 5th I have received no more emails and volume in the stock has steadily decreased. Disclosed budget: $150,000 (per week) Promoter: Kingsborough Publishing …

This morning I received an email from email@investorsalley.messages4.com advertising Greenhouse Solutions (GRSU) as a new Tobin Smith promotion and linking to the promotion website http://stockreportsnow.com/index.html Considering how poorly pumps have done over the last year and how few big pumps there have been, I think it highly unlikely that the stock will go up, although I would …

On March 4th the SEC suspended trading in another landing page pump, Spriza (SPRZ). One key insider of Spriza was also involved in Telupay (TLPY) which likely explains why Stocktips.com abandoned that pump after only a week.

The SEC was quite specific in explaining why it suspended trading in SPRZ:

The Commission temporarily suspended trading in Spriza, Inc. because of questions regarding the accuracy of assertions by Spriza, Inc., including assertions regarding business relationships in a company press release dated February 6, 2015, a Form 8-K and in a video created by the company.

The Commission acknowledges the assistance of FINRA and the Alberta Securities Commission’s assistance in this matter.

“We’re like the Google search engine of contests,” said Spriza’s CEO, Rob Danard, adding the Company which launched in May, 2014 has consolidated contests into one central portal. “How we distribute contests is very similar to how Pinterest or Flipboard displays their content.

Information on the pump is below:

I first received an email promoting SPRZ on February 9, 2015 from Marketing@insiderwealthalert.com and linking to the online promotion page http://streetreview.com/leading-social-networking-company-spriza-sprz-attracts-millions-of-users-with-innovative-search-technology/

StreetReview.com (“SR”) is owned and operated by Financial Times Publishing Corp, Ltd.

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SR and its affiliates have received or expects to receive and manage a total advertising budget of one hundred and seventy five thousand dollars for publishing this advertisement.

Full disclaimer:

Disclosure: These online reports, videos and other content on streetreveiw.com should be viewed as a paid advertisement (“content”). By viewing the content you agree and understand StreetReview.com (“SR”) is owned and operated by Financial Times Publishing Corp, Ltd. who is a publisher of financial news and opinions and not a securities broker/dealer or registered investment advisor. SR does not purport to provide any analysis of any published company’s or their financial position, operations or prospects and the information is often incomplete and should not to be construed as a recommendation of an offer or solicitation to buy or sell a security. While information contained in this advertisement is believed to be reliable, SR and its affiliates make no warranties as to the accuracy of any of the content herein and accept no liability for how readers may choose to utilize the opinions of SR. Further the reader agrees to indemnity SR to the fullest extent of the law in such reliance. It would be prudent for each reader to perform in-depth due diligence, including consulting with a licensed, qualified investment professional or analyst. Also independently verify all statements made in any special reports or other content. SR and its affiliates have received or expects to receive and manage a total advertising budget of one hundred and seventy five thousand dollars for publishing this advertisement. For more information about covered companies readers should complete their independent due diligence at the Securities and Exchange Commission website www.sec.gov and www.finra.org. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings and should not be perused unless the investor is prepared to loose their entire investment. The information contained herein contains forward-looking information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the advertised company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, The Company and its affiliates note that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and in the long term; regulatory, pricing pressures, technology issues and much more. Got to sec.gov for more information.

Disclaimer: I have no position in any stock mentioned. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

This morning prior to the market open the SEC suspended trading in recent online landing page pump and dump ChitrChatr (CHICF). ChitrChatr never got much volume which is why I had not previously blogged about the pump. Trading will resume at the market open on Friday, April 3rd.

The Commission temporarily suspended trading in CHICF due to questions regarding recent volatile trading activity and questions regarding the adequacy and accuracy of information in a company press release dated January 21, 2015 relating to the company’s financing and the source of that financing.

The SEC acknowledges the assistance of the Alberta Securities Commission and of FINRA in this matter.

CHICF received a cease trade order (CTO) from the Alberta Securities Commission on March 11th).

Intelligent Investor Report and TLC Communications (TLC) have used outside research and writers using public information to create the advertisement coming from (Intelligent Investor Report) about CHICF.

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Intelligent Investor Report is paid five thousand dollars as an editorial fee from TLC and also expects to receive new subscriber as a result of this advertising effort

Disclaimer: I have no position in any stock mentioned. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

This morning I received an email from email@investorsalley.messages4.com (an email list to which I subscribed) promoting Petroterra Corp (PTRA). Judging by the stock’s volume,this pump has begun only in the last week. The email links to an online promotional website: http://petroterracorpreports.com/

The publisher, James Rapholz dba Economic Advice, understands that in an effort to enhance public awareness of PetroTerra Corp. and its securities through the distribution of this advertisement, Mass Peak Ltd. paid all of the costs associated with creating, printing and distribution of this advertisement. The publisher was paid the sum of $5000 for his contributions.

Full disclaimer:

MPORTANT NOTICE AND DISCLAIMER: This stock profile should be viewed as a paid advertisement. The publisher, James Rapholz dba Economic Advice, understands that in an effort to enhance public awareness of PetroTerra Corp. and its securities through the distribution of this advertisement, Mass Peak Ltd. paid all of the costs associated with creating, printing and distribution of this advertisement. The publisher was paid the sum of $5000 for his contributions. If successful, this advertisement will increase investor and market awareness, which may result in increased numbers of shareholders owning and trading the common stock of PetroTerra Corp. , increased trading volumes, and possibly increased share price of the common stock of PetroTerra Corp. The publisher has not undertaken to determine if Mass Peak Ltd. is, or intends to be in the future, directly or indirectly, a shareholder of PetroTerra Corp. The publisher may receive revenue, the amount of which cannot be determined to any degree of certainty, as a result of this advertising effort and the accompanying subscription offer. This publication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. This publication, its publisher, and its editor do not purport to provide a complete analysis of any company’s financial position. The publisher and editor are not, and do not purport to be, broker-dealers or registered investment advisors. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC filings. Investing in securities, particularly micro cap securities such as PetroTerra Corp., is speculative and carries a high degree of risk. Past performance does not guarantee future results. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the publisher cannot guarantee the accuracy or completeness of the information. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured company and/or industry. The publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company’s products and services, the ultimate degree of success in the company’s drilling excursions, the company’s ability to fund its capital requirements in the near term and long term, pricing pressures, etc. Economic Advice is a trademark of James Rapholz. All other trademarks used in this publication are the property of their respective trademark holders. Economic Advice and James Rapholz are not affiliated, connected, or associated with, and are not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by Economic Advice or James Rapholz to any rights in any third-party trademarks.

Disclaimer: I have no position in PTRA and will not trade it unless it gets significantly higher volume. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

GroGenesis (GROG) has been promoted since at least March 5th, 2015. That morning I received my first promotional email about the company that linked to the online promotion website http://freegrogreport.com/

Since the 5th I have received no more emails and volume in the stock has steadily decreased.

Grogenesis,(GROG),the company featured in this issue, appears as paid advertising, paid by Aspen Agency LTD to provide public awareness for GROG. Aspen Agency LTD has approved and signed off as “approved for public dissemination” all statements made herein regarding GROG’s history, assets, technologies, current as well as prospective business operations and industry information. Untapped Wealth and Kingsborough Publishing (KP) have used outside research and writers using public information to create the advertisement coming from Untapped Wealth about GROG.
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KP has received and managed a total production budget of up to $150,000 per week for this advertising effort and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Untapped Wealth is paid $5,000 as an editorial fee from KP and also expects to receive new subscriber revenue as a result of this advertising effort.

Full disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This featured company sponsored advertising issue of Untapped Wealth does not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to beconstrued as a recommendation by Untapped Wealth or an offer or solicitation to buy or sell any security. Grogenesis,(GROG),the company featured in this issue, appears as paid advertising, paid by Aspen Agency LTD to provide public awareness for GROG. Aspen Agency LTD has approved and signed off as “approved for public dissemination” all statements made herein regarding GROG’s history, assets, technologies, current as well as prospective business operations and industry information. Untapped Wealth and Kingsborough Publishing (KP) have used outside research and writers using public information to create the advertisement coming from Untapped Wealth about GROG. Although the information contained in this advertisement is believed to be reliable, Untapped Wealth and KP makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this advertisement and perform extensive due diligence on this or any other advertised company. Untapped Wealth is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. KP has received and managed a total production budget of up to $150,000 per week for this advertising effort and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Untapped Wealth is paid $5,000 as an editorial fee from KP and also expects to receive new subscriber revenue as a result of this advertising effort. *More information can be received from GROG’s investor relations firm.Further, specific financial information, filings and disclosures as well as general investor information about publicly traded companies like GROG, advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward-looking information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, GROG notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures, technology issues etc

Disclaimer: I have no position in GROG and will not trade it unless it gets significantly higher volume. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

This morning I received an email from email@investorsalley.messages4.com advertising Greenhouse Solutions (GRSU) as a new Tobin Smith promotion and linking to the promotion website http://stockreportsnow.com/index.html

Considering how poorly pumps have done over the last year and how few big pumps there have been, I think it highly unlikely that the stock will go up, although I would want it to attract significantly higher volume before I short.

Greenhouse Solutions Inc., (GRSU), the company featured in this issue, appears as paid advertising by Spring Computing Technologies PVT Ltd. to provide public awareness for GRSU.

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Investor Awareness Advisors has managed a total production budget of up to $250,000 for advertising efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses. As a fee for its services, the publisher is paid $20,000 as an editorial fee from Investor Awareness Advisors and also expects to receive new subscriber revenue as a result of this advertising effort.

Full disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This advertising issue of Tobin Smith and NBT Equities Research Inc., the publisher, does not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to be construed as a recommendation by or an offer or solicitation to buy or sell any security. Greenhouse Solutions Inc., (GRSU), the company featured in this issue, appears as paid advertising by Spring Computing Technologies PVT Ltd. to provide public awareness for GRSU. The publisher has used outside research and writers using public information to create the advertisement Tobin Smith and NBT Equities Research Inc. about GRSU. Although the information contained in this advertisement is believed to be reliable, NBT Equities Research and Tobin Smith and NBT Group, Inc. makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. All commodity, stock prices and theoretical projections were current as of the writing of this advertisement. Prices and projections may not be current as of the dissemination of this advertisement. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this advertisement and perform extensive due diligence on this or any other advertised company. GRSU is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. Investor Awareness Advisors has managed a total production budget of up to $250,000 for advertising efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses. As a fee for its services, the publisher is paid $20,000 as an editorial fee from Investor Awareness Advisors and also expects to receive new subscriber revenue as a result of this advertising effort. *More information can be received from http://www.greenhousesolutionsinc.com. Further, specific financial information, filings and disclosures as well as general investor information about publicly traded companies like GRSU. Advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward-looking Information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, GRSU notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth.

Disclaimer: I have no position in GRSU and will not trade it unless it gets significantly higher volume. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Lots of people want to know the details on this trade I had on Telupay (TLPY):

The short answer is quite simple: TLPY was announced as the new Stocktips.com stock promotion Friday at 3:43pm. I was one of the very first to receive the promotional emails and Stocktips is currently the most effective stock promoter around (I would never buy most stock promotions — they are only good for shorting) so it was all but certain that the stock would spike, at least for the first 15 minutes or so. (If you sign up for Stocktips or any other promoter, do not ever pay them for anything — just get on their free email list. And never believe what they write — they are scheming scoundrels and pumped stocks inevitably dump big.)

There was a large element of luck to the trade in that sometimes I may be early to receive the emails and other times I may be late — any stock promoter with a big email list will have to use an email service or program to manage their email list and send the emails (in StockTips case it is Aweber). By necessity with a large email list the emails can’t be sent simultaneously so it can take a few minutes to send all of them.

So, knowing that lots of people would be trying to buy TLPY over the next 17 minutes it was an easy decision to buy and buy a lot of shares. Frankly, it was not my intention to take as large a position as I did, but with OTC stocks it is hard to get orders filled so in a situation like this where I expect the stock to quickly spike I put in as many orders as I can and I route those orders to different market makers to increase my chances of getting filled. I also alerted in TimAlerts chat that StockTips had just pumped TLPY:

In this case almost all my orders filled and I ended up long 355,000 shares at about $0.16. I sold 85,500 prior to the close (at an average price of $0.216) and held the rest over the weekend, selling them into the predictable gap up on Monday at an average price of $0.252. (I traded around this initial position a lot, which is why my position size on the Profit.ly trade is so large; my position was never larger than 355,000 shares though.) The initial spike when an effective stock promoter promotes a new stock is by far the most predictable part of the promotion which is why I sold into the gap up — sometimes a stock will drop big after I sell like TLPY did but sometimes it will keep going up. But my goal is to make the easy, low-risk money.

While luck plays a part in trading, and I was certainly lucky to get the email early and get good fills, it is because I know Stocktips pumps well that I was able to send lots of buy orders without hesitation. It is because I am experienced at trading OTC stocks, had hot keys set up to send my orders quickly, and knew where to route my orders that my orders were filled.

While pump and dumps overall are less common and less successful now than they were a couple years ago there are still plenty of opportunities to make money trading them (especially by shorting). If you do trade TLPY or any other pump, just be aware of the risk of SEC trading suspensions (why I never hold a long position overnight after the first day of the pump) and remind yourself that these companies are worthless and will eventually drop big. Here, for example, is a chart of the prior Stocktips pump, ECRY:

Disclaimer: I have no net position in TLPY although I will likely trade it (short and long) after this is published. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

This morning I received an email from info@freshbrewedmedianews.com linking to a website: http://www.mikenormanreport.com/page.php?pg_bl=69 promoting Chuma Holdings (CHUM). A different version of the pump page prior to the name and ticker change from MDMJ can be seen here: http://www.mikenormanreport.com/page.php?pg_bl=68

The publisher, Mike Norman Report, understands that in an effort to enhance public awareness of Chuma Holding Inc and its securities through the distribution of this advertisement, Rigal Ltd. paid all the costs associated with creating, printing and distribution of this advertisement. The publisher was paid up to $25,000 for its contributions … Rigal Ltd. owns 1 million shares of Chuma Holding Inc. common stock and has warrants to purchase an additional 1 million shares at a price of $0.70 per share

Disclaimer: I have no position in CHUM and will not trade it unless it gets significantly higher volume. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

One thing I have noticed over the last seven years trading penny stocks is that penny stock scammers are quick to hop on any current investment theme. If oil is spiking, we will see a lot of shell companies quickly turn into oil exploration companies. If there is a spike in the price of rare earth elements, we will see a new crop of rare earth miners. Recently with the Ebola panic we had a bunch of penny stocks touting their connection to the disease. And the SEC was quick to act to suspend trading in some of the most egregious Ebola stocks.

See the chart of Lakeland Industries (LAKE) below to get a sense for the timeline over which the Ebola hype played out (LAKE is shown as it was one of the Ebola stocks that spiked the most; is a real company and was not implicated in anything):

The peak of Ebola panic occurred around the 13th of October 2014. Just over a month later, on November 20th, the SEC suspended trading in four purported Ebola-related penny stocks. The four stocks that were suspended by the SEC were Bravo Enterprises Ltd. (OGNG), Immunotech Laboratories, Inc. (IMMB), Myriad Interactive Media, Inc. (MYRY), and Wholehealth Products, Inc. (GWPC).

Disclaimer: I have no position in any stock mentioned. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

OS Media Ltd has managed a total production budget of up to $400,000 for advertising efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Rising Stock Advisor is paid $2,500 as an editorial fee from OS Media Ltd and also expects to receive new subscriber revenue as a result of this advertising effort.

Full disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This advertising issue of Rising Stock Advisor does not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to be construed as a recommendation by Rising Stock Advisor or an offer or solicitation to buy or sell any security. Autris, (AUTR), the company featured in this issue, appears as paid advertising by OS Media Ltd to provide public awareness for AUTR. Rising Stock Advisor and OS Media Ltd have used outside research and writers using public information to create the advertisement coming from Rising Stock Advisor about AUTR. Although the information contained in this advertisement is believed to be reliable, Rising Stock Advisor and OS Media Ltd makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. All commodity, stock prices and theoretical projections were current as of the writing of this advertisement. Prices and projections may not be current as of the dissemination of this advertisement. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this advertisement and perform extensive due diligence on this or any other advertised company. Rising Stock Advisor is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. OS Media Ltd has managed a total production budget of up to $400,000 for advertising efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Rising Stock Advisor is paid $2,500 as an editorial fee from OS Media Ltd and also expects to receive new subscriber revenue as a result of this advertising effort. More information can be received from AUTR’s investor relations firm (http://www.autris.com/investor-alerts/). Further, specific financial information, filings and disclosures as well as general investor information about publicly traded companies like AUTR, advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward-looking Information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, AUTR notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth.

Disclaimer: I have no position in any stock mentioned above. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Eric Cusimano, former owner of BestDamnPennystocks.com and related websites, pled guilty yesterday to conspiracy to commit securities fraud and to tax evasion. He could be sentenced to up to 10 years in prison. Sentencing is scheduled for March 26th. While I do think that Eric Cusimano is scum he did at least have the decency to insist that the government drop charges against his wife as part of his plea deal.

As part of the plea, Cusimano turned over over $1.2 million, two pieces of property in New York’s southern tier, a boat, several “valuable” pieces of jewelry, and $340,000 which he had stored in accounts in Panama and Belize

Of course the forfeiture is only a small portion of the over $7 million that investigators say Cusimano made over the four year period.

Jamie Boye, a stock promoter who worked closely with Cusimano and who was also charged in this same case, remains in plea talks with prosecutors, and and in the mean time the trial has been adjourned until February 6th:

With respect to Defendant Boye, the parties have been actively discussing a pretrial resolution, and a draft plea agreement has been prepared and provided to the defendant for review. Additional time is necessary for defense counsel to review the draft plea with Defendant Boye and to finalize plea discussion with the
government. Therefore, the parties are requesting additional time to allow a change of plea and sentence to occur in the present case relating to Defendant Boye.

Disclaimer: I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.